ET 22:22

New Zealand Accelerates Gold Mining as Record Prices Drive Production Surge

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Commodity

New Zealand is fast-tracking gold projects and actively courting mining investors, capitalizing on record bullion prices to stimulate its economy. This strategic shift is projected to double the country's gold production by the mid-2030s, reaching levels not seen in at least three decades. The expansion is supported by two new mining projects already approved, with a third awaiting a final decision. This push marks a significant revival for a sector that has been in decline, as the government seeks new avenues for economic growth.

EditorWong Mei Ling